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Gold Ridge - Results from Geochemical Sampling
Gold Ridge - Results from Geochemical Sampling.
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n \n \n T\n HIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n \n \n 18th May 2022 \n \n \n MetalNRG plc\n \n \n ENCOURAGING RESULTS FROM GEOCHEMICAL SAMPLING\n \n \n COMPLETED AT GOLD RIDGE ARIZONA\n \n \n \n \n \n MetalNRG plc (\"MetalNRG\" or the \"Company\") \n announces that it has completed its Phase I geochemical campaign at its Gold Ridge Gold mine property in Arizona with very encouraging results that pave a pathway to further exploration work to be focussed and planned.\n \n \n Highlights:\n \n \n ·\n Soil Geochemistry has provided evidence for multiple geologic events including\nthe offset of Apache Pass Shear Zone (APSZ) at eastern termination of historic mining.\n \n \n ·\n This offset implies that historically mined gold mineralization is transposed northwards where no exploration drilling has occurred.\n \n \n ·\n A new linear gold anomaly has been defined in the Southern PC block which parallels the APSZ as a multi-element geochemical anomaly.\n \n \n ·\n A new significant multi-element geochemical anomaly occurs 1km west of the Dives Mine.\n \n \n ·\n Copper anomalies in volcanic rocks show strong evidence for radial fracturing, a common feature of porphyry deposits.\n \n \n ·\n The findings of the geochemical program encourages the Company to conclude that the area may host a larger mineralization system controlling all the surface mines and showings.\n \n \n \n \n \n MetalNRG has completed just under 600 (Phase I) of the 1,000 geochemical samples planned. The laboratory analysis was conducted for Gold, Silver and 49 other elements by ALS Chemex. The largest gold anomalies were found in historical areas mined for gold; however, a secondary zone of gold anomalies was found in an area previously unexplored and delineates a new linear zone of gold mineralization in the Southern Precambrian block.\n \n \n All sample results to date show:\n \n \n ·\n Gold above 25ppb = 14%\n \n \n ·\n Silver above 0.3ppm = 38%\n...